The Price of Political Correctness

Silence is the virtue of fools," Sir Francis Bacon once said. Instead of silence, today Bacon would be referring to a mindless politeness on what can and cannot be spoken in the public arena. We call it political correctness. Yet silence and political correctness may be luxury we cannot afford if we wish to maintain the way of life this country has known since the founding. It is no secret Congress has been pushing subprime mortgages to disadvantaged people who could not pay for them. In the name of affordable housing, Congress has resisted all attempts at reforming Fannie Mae and Freddie Mac, and effectively encouraged those organizations to become ever more reckless in their lending policies. Read More